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VV

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Share Name Share Symbol Market Type
TSXV:VV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Versatile Appoints Kenneth Kahn as President

31/07/2013 1:00pm

Marketwired Canada


Versatile Systems Inc. (TSX VENTURE:VV), announces that Kenneth Kahn has been
appointed President of Versatile Systems Inc.


Most recently, Mr. Kahn assumed the role of Executive Vice President and Global
Brand Officer at Mood Media, leading a team of 200 people. While in this
position he led a major strategic and operational undertaking and successfully
unified multiple acquired companies under one global brand. Mr. Kahn and his
team renewed 200 national accounts in one year, which helped generate $250
million of annual revenue.


"Kenny is an accomplished and highly respected business executive with notable
multi-industry success over the course of his career." said John Hardy, CEO of
Versatile. "He has decisively led, strategized, operated, and rebranded various
sized companies worldwide. We are fortunate to have Kenny join Versatile and I
look forward to working with him."


In 2006, Mr. Kahn founded the innovative and sought after management advisory
firm Black Label Advisory. Black Label works with top-level executives to
address critical growth, operational and performance issues. He was sought by
clients within multiple industries including security, media, entertainment, and
software development. Mr. Kahn and his team delivered significant results for
clients, even during recent economic downturns. Of particular note, at Iverify,
revenues increased five-fold and the company made Inc. Magazine's list of Top
500 Fastest Growing Privately held Companies.


Prior to consulting, Mr. Kahn spent 11 years in executive roles with Muzak LLC.
His signature accomplishment was strategically designing and implementing a
rebranding plan that financially transformed the iconic Muzak brand. He led the
efforts that infused the company with 450 national retail, restaurant, banking
and hospitality contracts. His achievements were honored by the Harvard Business
School with the development of Kenny Kahn at Muzak case studies and curriculum.


Mr. Kahn's work has been featured in the New York Times, Wall Street Journal,
Harvard Business Review, CNN, NBC Nightly News and on the award winning
television series Undercover Boss.


"I am honored to have been entrusted with the opportunity to lead this talented
organization," said Mr. Kahn, President of Versatile Systems Inc. "Our goal is
to strengthen Versatile's sales and operations by delivering its technology
portfolio to new platforms and distribution channels and I look forward to
working closely with the employees on these initiatives."


About Versatile

Versatile provides business solutions that enable companies to improve sales,
marketing and distribution of their products. Versatile also provides
information technology services for the implementation, maintenance and security
of mission-critical computer environments. Versatile has the ability to
architect solutions involving both proprietary and third party components. For
more information: www.versatile.com.


Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile's
operations or to the environment in which it operates, which are based on
Versatile's operations, estimates, forecasts and projections. These statements
are not guarantees of future performance and involve risks and uncertainties
that are difficult to predict or are beyond Versatile's control. A number of
important factors including those set forth in other public filings could cause
actual outcomes and results to differ materially from those expressed in these
forward-looking statements. Consequently, readers should not place any undue
reliance on such forward-looking statements. In addition, these forward-looking
statements relate to the date on which they are made. Versatile disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise.


Neither TSX Venture Exchange nor its Regulation Service Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. All amounts are expressed in U.S.
dollars unless otherwise stated. (C) 2013 Versatile Systems Inc. All rights
reserved.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Versatile Systems Inc.
John Hardy
CEO
1-800-262-1633
International: 001-206-979-6760


Versatile Systems Inc.
Fraser Atkinson
CFO
1-800-262-1633
www.versatile.com

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